Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
Target(TGT) Business Insider·2024-11-21 03:23
Advertisement Target's third-quarter results came up short, with sales growth of 0.3% from last year.The company described a shift in consumer spending from "resilient" to "resourceful."Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said.Target has described US households as "resilient" in recent quarters. Now, the retailer is rolling out a new descriptor for shoppers this fall: "resourceful."Looking to stretch their budgets just a little fa ...